Stroud Resources Ltd V.SDR

Sizeable Bid

[Flopticalcube]

Nearly 150K on the bid @ 30.5c that is the largest bid size I have seen in a while and follows from a heavy volume day yesterday.

[Nickdd]

Question . Is the bid real? if it were legit take out ask for a lousy 2 cent premium! not real.

[Flopticalcube]

Hard to say. Its probably as real as the ask.

[Flopticalcube]

Ask taken out. 34c on the bid.

[StrikeGold]

I would have bought more yesterday or today, but didn't have the funds available.   Did pick up some in December.    It's nearly always the case that drilling delays really knock down sentiment and the share price of most explorers.  The key is knowing if it's due to: 1. incompetent management 2. they have nothing worth drilling for 3. circumstances all or

[StrikeGold]

Of course it's real.  Some people recongize value and understand the reasons for drilling and assay delays.    IMO a similar 60 cent bid will be real after the drilling program is fully completed.  However that is my opinion only.   I own shares of Stroud  - disclaimer.  

[StrikeGold]

Nickdd:  I've tried to impart the reasons for the stock decline over the last few months.   Not that many people were actually throwing in towel, but a few sellers.    How can a hugely successful drill program years back be followed by a complete bust?   That is the question to ask.   I mentioned my own experience of a stock that had a terrible

[Nickdd]

Have held since 1983 wrote it off years ago  in it until they sell the asset

[StrikeGold]

It's unfortunate that the stock price did tank since 1983 with basically no buyers at all for several years, due to both the declining silver price and various legal bumps.   However, I think that Mirsad has done a fantastic job in resolving those issues over these last few years, getting an update 43-101, and then getting the financing for our current drill program.   So